Yum China Holdings Inc. YUMC said Tuesday it has agreed to acquire ownership of the Pizza Hut brand in Mainland China from Yum! Brands Inc. YUM for $1.2 billion in cash. Acquisition Ends Pizza Hut…
Tagged By business
YUM Stock Gains — Yum Brands Offloads Pizza Hut Chain In Massive $2.7B Divestiture
Yum Brands has entered into agreements to sell its global Pizza Hut operations to private equity firm LongRange Capital and its former spinoff Yum China.
China’s mBridge bets on blockchain to break SWIFT’s global grip
China is closing in on a commercial rollout of mBridge, a proposed blockchain-based settlement network that will directly compete with SWIFT. Beijing is pushing for the newly proposed settlement …
Why Yum! Brands just sold the iconic Pizza Hut chain to LongRange Capital and Yum China
Yum! Brands (YUM) just announced a piping hot deal for Pizza Hut. It should make the restaurant company stronger. The news: Yum! Brands said on Tuesday morning that it has entered into definitive …
Yum China to Acquire Ownership of the Pizza Hut Brand in Mainland China
Yum China Holdings, Inc. (the ‘Company’ or ‘Yum China’) (NYSE: YUMC and HKEX: 9987) today announced that it has entered into a definitive agreement with Yum! Brands, Inc. (‘Yum! Brands’) (NYSE: YUM) …
Five Reputable Woodworking Machine Manufacturers in China 2026: Advancing Innovation in Wood Processing Equipment
Featuring manufacturers providing woodworking machinery solutions for furniture production, panel processing, and …
China shock 2.0: Surging Chinese exports threaten Europe’s economy, raising concern at G7 summit
Eight years of U.S. tariffs have failed to curb China’s manufacturing strength, with Beijing posting a record $1.2 trillion trade surplus by redirecting exports away from the U.S. and into Europe and …
China nears launch of mBridge as alternative to Swift – report
The cross-border digital currency platform is backed by the central banks of mainland China, Hong Kong, Thailand, the UAE and Saudi Arabia.
China’s Refinery Runs Hit Four-Year Low as Crude Imports Collapse
China’s refiners cut processing rates to a four-year low and slashed crude imports to the lowest level in more than eight years, helping offset the global supply shock caused by disruptions in the …
Mainland China theme park operator applies for listing in Hong Kong
Company operates Millennium City Park in Kaifeng, a life-size recreation of a famous painting from the Northern Song dynasty.
China economy weakens further in May as retail sales post first drop in over three years
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
China’s retail sales fall for first time since 2022 as domestic demand weakens
China’s retail sales contracted for the first time since 2022 in May, highlighting weak consumer demand despite stronger industrial output, robust exports and easing unemployment …
Should The U.S. Follow China’s Auto Industry Playbook?
Big increases in China’s auto exports including a doubling of global EV shipments last month underscore a truth that is lacking in U.S. discussion about the future of its own auto industry: Chinese …
ADVERTISEMENT
